I am pleased to announce that Juniper Networks has entered into a definitive agreement to acquire BTI Systems, a leading provider of cloud and metro networking systems and software to content, cloud and service providers. We expect the acquisition will allow Juniper to accelerate the delivery of open and automated packet optical transport solutions that integrate with our NorthStar Controller and include network management features that enable end-to-end provisioning of new services.

The combination of BTI Systems’ accomplished team, innovative and open solutions with Juniper’s longstanding switching and IP routing expertise positions the company well to take advantage of the fast growing DCI and Metro markets.

The acquisition is subject to customary closing conditions and Juniper is not disclosing the terms of the agreement at this time as the terms are not considered to be material to our financials. However, we look forward to sharing more information after the transaction closes, which is expected to be in Q2 of this year. We are excited to take this next step and welcome BTI Systems to our team.